The Premier Sugar Mills and Distillery Company Limited’s financial results for the quarter and nine months Ended June 30, 2011

The Premier Sugar Mills and Distillery Company Limited’s financial results for the quarter and nine months Ended June 30, 2011

Karachi: We have to inform you that the Board of Directors in the Meeting held on Tuesday, July 26, 2011 at 11:30 a.m. have approved the following financial results for the Quarter and Nine months ended 30 June, 2011.

The Financial Results of the Company are as follows:

For the 3rd Quarter

Cumulative

April-June April-June Oct-June Oct-June
2011 2010 2011 2010

Rupees in thousands

Turnover 5,445 23,411 397,954 207,539
Less: Sales tax and Federal Excise Duty 849 2,416 15,742 15,992
——- ——- ——- ——-
Sales: Net 4,596 20,995 382,212 191,547
Cost of Sales (26,024) 63,049 491,307 270,997
——- ——- ——- ——-
Gross Profit / (Loss) 30,620 (42,054) 109,095 (79,450)
Administrative expenses 12,940 20,386 42,779 50,196
Distribution cost 280 209 1,021 561
Other Operating expenses 0 329 5 634
——- ——- ——- ——-
13,220 20,924 43,805 51,391
——- ——- —— ——-
17,400 (62,978) (152,900) (130,841)
Other Operating income 37,641 13,210 109,338 151,351
——- ——- ——- ——
55,041 (49,768) (43,562) 20,510
Finance Cost 23,666 1,473 38,226 1,573
——- ——- ——- ——-
Profit / (Loss) before Taxation 31,375 (51,241) (81,788) 18,937
Taxation
– Current (1,375) 4,889 72 3,884
– Deferred 8,036 (8,235) (30,857) (2,270)
——- ——- ——- ——-
6,661 (3,346) (30,785) 1,614
——- ——- ——- ——-
Total Comprehensive income /(Loss) for the Period 24,714 (47,895) (51,003) 15,323
——- ——- ——- ——-
Rupees
Earnings / (Loss) per share 6.59 (12.77) (13.60) 4.09

For more information, contact:
Mujahid Bashir
Company Secretary
The Premier Sugar Mills and Distillery Company Limited
King’s Arcade, 20-A,
Markaz F-7,
P.O. Box 1529,
Islamabad
Tel: +92937 862051
Fax: +92937-862989

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